According to news first reported by CNBC and Marketwatch, Elon Musk will temporarily be at the helm of Twitter as its new CEO until he finds an adequate replacement.
Musk is expected to be Twitter’s CEO for a few months after he completes the 44 Billion purchase of the tech giant.
UPDATE: Elon Musk secures another 7.14 Billion in funding towards the 44 Billion needed to purchase Twitter, bringing his investment round to about 28 Billion.
NEW INVESTORS: According to recent reporting, the new investors include $1 Billion from Oracle co-founder Larry Ellison, $5 Million from Honeycomb Asset Management, and other undisclosed hand-picked investors by Musk.
SHOCKER: Former CEO and Co-Founder Jack Dorsey is also negotiating with Musk to invest via shares before they close the deal.
According to sources, Musk already has a CEO lined up to take over after a few months of house cleaning Elon wants to do at Twitter.
After news broke that Twitter’s new CEO will be Elon Musk, shares in the company climbed by 3%
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